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RMB stock trading backed

Secretary for Financial Services & the Treasury Christopher Hui today expressed his gratitude to various listed issuers in Hong Kong for their support to the proposal of setting up a renminbi (RMB) stock trading counter.   Mr Hui stated that further to the help rendered by the Legislative Council Panel on Financial Affairs regarding the Government's proposed measures to promote the issuance and trading of RMB stocks in Hong Kong and enhance the trading mechanism, a number of listed issuers have also backed the proposal.   Such listed issuers will actively explore the feasibility of setting up a new RMB trading counter for their issued shares.   Mr Hui explained that listed issuers who indicated their support today include Hang Seng Index constituent stocks with promising turnover.   “Their participation is a vote of confidence to the development of RMB securities in Hong Kong, which will be conducive to our promotion work to other issuers, enabling Hong Kong to graduall

Feb exports value up 30.4%

The value of Hong Kong's total exports increased to $311.1 billion in February, up 30.4% on the same month last year, the Census & Statistics Department announced today.   The value of imports of goods increased 17.6% to $325.8 billion for the same period.   A trade deficit of $14.7 billion, or 4.5% of the value of imports, was recorded in February.   Comparing the three-month period ending February with the preceding three months on a seasonally adjusted basis, the value of exports rose 18.9%, while that of imports increased 16%.   Taking the first two months of the year together to remove the distortion caused by the difference in timing of the Lunar New Year, the value of exports increased sharply by 37.6% over a year earlier, reflecting a further pick-up in growth momentum alongside the revival of global trading and production activities, the Government said.
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